Som Distilleries & Breweries surged 14.26% to Rs 138.60 at 11:02 IST on BSE after the company said it has started the supply of Black Fort beer to Karnataka.
The announcement was made after market hours yesterday, 22 March 2017.Meanwhile, the S&P BSE Sensex was up 126.23 points or 0.43% at 29,293.91. The BSE Small-Cap index was up 130.46 points or 0.94% at 14,032.38.
On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 29,000 shares in the past two weeks. The stock had hit a high of Rs 143.80 and a low of Rs 124.40 so far during the day.
Som Distilleries announced that it has started the supply of Black Fort beer to Karnataka. The response from consumers and the trade is very encouraging, it said. The company expects to get a considerable market share in the short term. Further, the company will be launching out its mainline brands next month in Karnataka.
Som Distilleries' net profit declined 32.94% to Rs 1.71 crore on 6.22% growth in total income from operations to Rs 44.20 crore in Q3 December 2016 over Q3 December 2015.
Som Distilleries & Breweries is a brewing company. It is engaged in making beer from malt plus whiskies.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
